Topic updates

The Future of Cash

Geoff Riley

29th September 2015

Money is a broad concept defined by the functions it performs such as being a medium of exchange and a store of value. Most money in the UK is held electronically but around 3% is held in cash in the form of bank notes and coins. Between 20-30% of cash in circulation is for transactional purposes flowing between households, retailers and other businesses prepared to hold cash balances.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.